Q:*I have finalized a 3BHK flat in Purnima classic which is JV between land owner and the developer in Basapura near Hosa road junction near Concorde Midway city, which is New but its 1 year old flat with built up area of 1719Sft. The apartment society had not been formed yet.*Builder quoting 3k/sft(negotiable). Which makes it RS.51,57,000 basic cost for just the flat. *But he is charging additional 2 lakhs for parking, *Deposits 2,57,850(Rs150XSFT), *VAT & TAX @8%(Basic cost+Car parking +deposits=4,49,188), *Registration(1500rs X AREA+ Car Parking X 6.6%=1,78,035)*So the Total cost of the flat is coming up to Rs.63,03,115. which is 11,46,115 extra from basic cost of the flat.Can any one plz advice me on this additional costs and taxes are legitimate? And what are the things I should point out while negotiating with the builder? What are the Usual additional costs and taxes apart from the basic price of the Flat? Any advice is highly appreciated. Thank you.
Q:Hi, what would be the best time to sell my flat to avoid the “short term capital gain tax”? The date of registration is Jan 2009, but date of possession is in May 2010. According to law, short-term gain tax is applicable if you sell the property within 3 years. Does it mean 3 years from the date of registration or from the date of possession?
